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Mechanics
Learn More about Drippies™ in the Whitepaper!
Drippies™ Tokenomics
We don’t know how liquid the ecosystem will need to be in the future, so we work on the basis that there is a soft-cap of 10,000,000 $DRIP which to be allocated to the first staking phase. Once this phase is complete the tokenomics will be revised, and the remaining 99% of the $DRIP supply will be still be available for allocation.
At the moment this is defensive, and stops the creation of private liquidity pools - Drippies™ is not a passive income liquidity project, it is an art project for artists and art lovers.
- Maximum supply is 1 Billion
- Soft cap: 10,000,000
Drippies™ NFTs
Drippies™
- 5 $DRIP per day, per NFT
Proof of Participation Badges (POABs)
Each POAB earns an additional 1 DRIP per day, and you can get two of these per month, just for showing up. You must own at least one Drippies™ to earn from a POAB.
- 1 $DRIP per day, per NFT
Drippies™ Multipliers
Time Multiplier:
+ .10x multiplier is added to the total staking yield every 30 days
Holdings Multiplier:
No. Drippies
Multiplier
1
1.00x
2
1.25x
3
1.50x
4
1.60x
5
1.80x
10
2.0x
50
2.25x
It’s pretty simple and straightforward. We want to reward the bulk of our holders, and we want to reward folks that stake for more than a certain period. We know that you’re investing in it for the long haul and are part of this journey with us.
Staking Examples
Here are some examples to show the equation used for calculating DripCoin yield in the Drippies™ Staking ecosystem
Example 1
Example 2
1
2 Drippies | 1 POAB | 30 days
2
-----------------------------
3
yield = (((# Drippies) * (5) * (whale mult)) + (# POAB) * 1)) * time mult
4
5
time mult = 1 + (30 % 30 * .1)
6
7
time mult = 1.1
8
9
yield = (((2) * (5) * (1.25)) + (1 * 1)) * 1.10
10
11
yield = (12.5 + 1) * 1.1
12
13
yield = 13.5 * 1.1
14
15
yield = 14.85 $DRIP per day
Copied!
1
1 Drippies | 5 POAB | 180 days
2
------------------------------
3
yield = (((# Drippies) * (5) * (whale mult)) + (# POAB) * 1)) * time mult
4
5
time mult = 1 + (180 % 30 * .1)
6
7
time mult = 1 + (6 * .1)
8
9
time mult = 1.6
10
11
yield = ((1) * (5) * (1) + (5) * 1)) * 1.6
12
13
yield = (5 + 5) * 1.6
14
15
yield = 10 * 1.6
16
17
yield = 16 $DRIP a day
Copied!
$DRIP / $DripCoin IS A UTILITY TOKEN. IT IS NOT AN INVESTMENT, SHOULD NOT NOT BE VIEWED AS ONE, AND HAS NO MONETARY OR ECONOMIC VALUE
FAQ
Some Drippies stake straight away and some don’t. Even some from the same wallet, the same Drippies will not stake but others do?
For anyone that is having "failed tx" with some of their Drippies when trying to stake. The reason this happens is because Solana temporarily assigns each NFT a different token account when your first purchased them (usually on Magic Eden).
So to get past this, you need to assign a new token account to your NFT. This is done by migrating your NFT on Raydium: https://v1.raydium.io/migrate/
Choose the first option on this page "Associated Token Account Migrator". You can bulk migrate up to 10 at a time doing this.
Once you have migrated your NFTs please do a hard refresh of the staking page and this "should" solve the issue. There is a very small tx fee for this (under 1.00 usd)
Last modified 18d ago